These Aussie gold rivals just raised $74 million by selling mines to China, Canada
By GCRU Gold News on Wednesday, August 17 2016, 09:55 - Permalink
Australian gold miners Evolution Mining (ASX:CAH) and Northern Star Resources (ASX:NST) have inked two key deals, for a combined $74 million (A$96 million) within 24 hours of one another, to sell some of their higher-cost local operations.
Evolution, Australia’s second-largest bullion miner, said Tuesday it would sell its Pajingog mine and surrounding exploration claims in North Queensland to an emerging Chinese miner for up to US$40 million (A$52 million)